00338 SHANGHAI PECHEMWatchlist
About SHANGHAI PECHEM Company
Sinopec Shanghai Petrochemical Co., Ltd. is one of the major integrated comprehensive petrochemical enterprises in China. It has strong overall scale strength. It is an important manufacturer of refined oil products, intermediate petrochemicals, synthetic resins and synthetic fibers in China, and has independent public works, environmental protection systems, and supporting facilities for shipping, inland waterway shipping, railway transportation and road transportation. The company is located in Jinshanwei in southwestern Shanghai. It is a highly comprehensive petrochemical enterprise that mainly processes petroleum into various petroleum products, intermediate petrochemical products, resins and plastics, and synthetic fibers. Most of the company's products are sold to the Chinese domestic market, and sales mainly come from customers in East China. East China is one of the fastest growing regions in China. China's growing market demand for petrochemical products is the foundation for the company's high-quality development. The company takes advantage of its highly comprehensive advantages to actively adjust the product structure, while continuously improving the quality and variety of existing products, optimizing technology and improving the capabilities of key upstream devices. In July 1993, the Company was the first company incorporated in China to sell shares globally. Its shares were listed on the Shanghai Stock Exchange, the Hong Kong Stock Exchange and the New York Stock Exchange respectively. Since listing, the company has been committed to continuously improving and improving the efficiency of operation and management. The company's development goal is to build a “leading domestic and world-class” energy chemical and new materials company.
Business Society: The slight adjustment in phosphoric acid prices is expected to be weak in the short-term market, mainly
As of November 22, the average domestic reference price of 85 caloric phosphoric acid was 7080 yuan/ton, down nearly 2% from the average reference price of 7,200 yuan/ton on November 1.
Summary of the Bank of China Securities Basic Chemical Report for the Third Quarter of '23: Low profit levels are expected to stabilize the demand side or continue to improve
The Zhitong Finance app learned that Bank of China Securities released a research report saying that under the influence of factors such as weak downstream demand, the overall profitability of the basic chemical industry in the first three quarters of 2023 fell to a recent low level, and the performance of some sub-industries improved in 23Q3
Shanghai Petrochemical Co., Ltd. (00338.HK) spent HK$1,676 million to repurchase 1,526 million shares on November 17
Gelonghui November 17丨Shanghai Petrochemical Co., Ltd. (00338.HK) announced that it spent HK$1,676 million to repurchase 1,526 million shares on November 17, at a price of HK$1.1-1.09 per share.
ColumnsExpert Meeting Minutes | Oil transportation tariff interpretation and outlook exchange points
1. The International Energy Agency forecasts that U.S. oil production will increase by another 950 Kb/d by 2023 while domestic oil demand remains virtually unchanged.
2. We expect more crude oil exports from the U.S. Gulf in 2023 but fewer incremental barrels from Europe.
3. As a result, we expect VLCCs to be less competitive in transatlantic trade, with Suezmax and Aframax regaining market ...